The deliverability rate estimated as 3,381mcf per day and 55.2bblspd of 60 degree condensate on a 14/64 choke and FTP (flowing tubing pressure) of 2,148lbs.
The Marion County well was drilled to a total depth of 7,005ft in the Travis Peak Formation.
It is completed in a 49ft overall interval of the Travis Peak formation at 6,700ft.
The company said that it is filing with the Texas Railroad Commission for new field discovery status.
Pegasi Energy Resources is an organic growth-oriented independent oil and gas exploration and production company, headquartered in Tyler, Texas.
